Caprock Group LLC Purchases 16,904 Shares of SLB Limited $SLB

Caprock Group LLC grew its position in shares of SLB Limited (NYSE:SLB) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,653 shares of the oil and gas company’s stock after acquiring an additional 16,904 shares during the quarter. Caprock Group LLC’s holdings in SLB were worth $3,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC boosted its position in shares of SLB by 100.0% during the third quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after buying an additional 40,415 shares during the last quarter. Americana Partners LLC boosted its position in shares of SLB by 10.1% during the third quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after buying an additional 22,706 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of SLB by 13.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock valued at $7,220,000 after buying an additional 25,417 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of SLB by 4.9% during the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock valued at $72,354,000 after buying an additional 100,918 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its position in shares of SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock valued at $34,265,000 after buying an additional 948,015 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other SLB news, CAO Howard Guild sold 13,268 shares of the business’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the transaction, the chief accounting officer owned 22,407 shares of the company’s stock, valued at approximately $1,113,627.90. The trade was a 37.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dianne B. Ralston sold 18,617 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the transaction, the insider directly owned 224,097 shares in the company, valued at $11,092,801.50. This represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 156,902 shares of company stock valued at $7,796,666. 0.16% of the stock is currently owned by insiders.

SLB Stock Up 0.8%

SLB stock opened at $54.81 on Friday. The stock’s fifty day simple moving average is $50.15 and its two-hundred day simple moving average is $43.51. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. SLB Limited has a 1-year low of $31.64 and a 1-year high of $55.53. The stock has a market cap of $82.35 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.73 and a beta of 0.69.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. SLB had a return on equity of 17.45% and a net margin of 9.45%.The business had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.54 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Analysts expect that SLB Limited will post 2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Susquehanna lifted their target price on SLB from $56.00 to $60.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. Loop Capital set a $48.00 target price on SLB in a research report on Tuesday, January 27th. Freedom Capital cut SLB from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Wall Street Zen cut SLB from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Evercore set a $54.00 price objective on SLB and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

SLB Company Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.